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That was the point since before they turned mathematical, as Veblen acutely understood and elliptically explained, and remained the point after their mathematical turn was funded ... its never been about a scientific approach to understanding society, its always been about rationalizing the already existing folkviews of those with the money to finance neoclassical economics.

And of course, the chartalist Post Keynesians are not necessarily on the "far end" of the spectrum of macroeconomists.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Sun Jul 1st, 2012 at 10:48:35 PM EST
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